LendingClub Corp (NYSE: LC) has reported E.P.S. of $0.13 for its second fiscal quarter (ending June 30) versus $0.09 for the same period a year ago. E.P.S. were $0.38 for the latest four quarters through June 30 versus $0.85 for the same period a year ago.
Recent Price Action
LendingClub Corp (NYSE: LC) stock closed at $11.19 on 7/30/24 after a modest gain of 0.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 313% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.0% during the last week.
Current PriceTarget Research Rating
LC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
LendingClub has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. LendingClub has a neutral Appreciation Score of 59 but a good Power Rating of 80, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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